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The demand function for oranges is given by D(p) = (p+1)^(-2). If the price of oranges is $20, then the price elasticity of demand is:
The demand function for oranges is given by D(p) = (p+1)^(-2). If the price of oranges is $20, then the price elasticity of demand is:
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Basic Econometrics
Authors: Damodar N. Gujrati, Dawn C. Porter
5th edition
73375772, 73375779, 978-0073375779
